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Business News of Monday, 11 May 2020

Source: www.mynigeria.com

Africa Prudential approves N1.4bn dividend for shareholders

Africa Prudential Africa Prudential

Investor and Business Support Solutions provider, Africa Prudential Plc has approved a whopping dividend of N1.4bn for its shareholders.

According to a notice filed by the lender to the Nigerian Stock Exchange, a total dividend of N1.4bn at the rate of N0.70 kobo for every ordinary share N 0.50 Kobo is to be approved for shareholders.

This forms part of the resolutions of the firm's Annual General Meeting which held virtually on April 28, 2020.

The resolution also approved the re-election of retiring directors, Chief Mrs Eniola Fadayomi and Mr Peter Ashade.